Britam reported a profit of KES 3.2 billion up from 2.8 billion in the previous year, heralding a growth of 12.2% in the year. The good news was translated into dividends as the company announced a dividend of KES 0.25 per share.

Housing finance full year results for 2013 are out. The consolidated group's profit after tax stood at KES 995 million, a 33.9% growth from the 2012 full year results.

Brief Company Profile

Market Segment: Main Investment SegmentSector: Banking

HF Group Limited, formerly Housing Finance Limited, is a Kenya-based holding company. The Company is engaged in offering banking, financial, property and investment solutions. The Company's subsidiary, HFC Limited, is engaged in the business of mortgage finance, as well as banking services. The Company's subsidiaries include HFC Limited- which offers mortgage and commercial banking solutions; HFDI, which offers property development and investment solutions; HF Insurance Agency, which offers insurance solutions and HF Foundation, which is the group's social Investment arm. It provides asset-based finance that enables the customer to acquire assets for business and personal use, such as new and pre-owned vehicles, tractors and related implements, medical and laboratory equipment, school buses, industrial, contractor and office equipment. The Company has presence in Nairobi, Mombasa, Nakuru, Nyeri, Eldoret, Kisumu, Thika, Meru, Kitengela, Ongata Rongai, Nyali, Naivasha and Kisii.

The restructuring of Housing Finance Company of Kenya presents the Group with the impetus required to deliver on it's growth strategy through ensuring growth in both group and subsidiary levels. The company medium term strategy that runs to the year 2020 is focusing on mortgage lending and banking efforts on the under-penetrated, upper-middle income and affluent market segments, building a full service retail banking offering, exploration of the corporate banking proposition, developing it's bancassurance capability among other value drivers. The company recently commissioned it's new core banking system and business software that has cropped new innovations like mobile banking through a mobile app, salary advances and instant alerts on transactions. Going forward the company expects to roll out internet banking.